Banks Can't Live With Bernanke, Can't Live Without Him

9/23/2013 4:19PM

Banks can’t live with Ben Bernanke, and they can't live without him. One example: Trading in bonds, currencies and commodities has been whipsawed by the Federal Reserve’s zigzag on whether to reduce its monetary stimulus. Francesco Guerrera reports.

This transcript has been automatically generated and may not be 100% accurate.

... the ... banks cannot live with ... the Nikkei and accounting to live without any ... hassle front Chester Herrera says an e joins us now they are my new stuff it's bland soft ... calm and bright column as always please ... explain more units all what I stay what's been happening in the banks and most the bank's legal all the money in treating this thing called faith which is fixed income commodities and currencies ... when that easy money policies of the Fed and other banks putting off that ... she doesn't get enough to borrow the money in a very very un likely ... to make money sold in law and that ninety one better than ninety seven talking about tapering I e we drawing that monetary stimulus ... the banks really had a tough time many will see that when discovered twenty innings for ... the quarter the score to dance the sweet I kinda feel program will see that that ... that decline is done very very bad ... and entry trading and think on is is notoriously bullets while I'm I'm um we know that mass qualities banks don't try to very high and high multiples ... you say one of the things is that they are the only way they can call but it's nice to be ... the more risk embracing it said to have more risk to leverage ... that ... but let's let's exactly what we don't need it didn't work out very well last time we ... strolled on to sing in this kind of I'm in the euro easy money entering this it's cool but because we did the when interest rates are going to move whenever the Fed tapering ... will mean that these banks will not be able to make the money they've been able to making these trading Asus's out in the near future so ... that two choices one day of the aisle down the trading businesses and if on some other ways of making money ... or they can actually had put a little bit more risk and hopefully ... not walk again and that would be ... a weight off on for them to make up the difference in bond ... debt would agree that the risk situation are from from a tax credit perspective is I don't wanna go through the attic and on and the euro fact that so and you don't get too of adding that's why I'm that that Nasdaq's been so yet not so ... happy that so many countries is the ... soul of the guests and Isaac likes visiting us in other countries um I would say well the the issue will be ... to see how much was that we will know the risk is is necessary to know in this show ... they haven't had a good to make ... money ... from money not mine yet so you well that's true that the